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"Our historical operating results and poor cash flow suggest substantial doubt exists related to the Company’s ability to continue as a going concern. " "there is significant uncertainty regarding the potential impact to our
business. Based on these uncertainties, there is no guarantee the
Company's cash position will cover current obligations." I have noted that cash declined ~$500k from 12-31 to 3-31. Just under $1mil at 3-31. i suspect cash could be down another $400-$500k as of 5-15. HCS has no bank line or factor arrangement. White Oak has a factoring division but dumped HCS/NOVC a while back |
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Msg # | Subject | Author | Recs | Date Posted |
150685 | "Our historical operating results and poor cash flow suggest substantial doubt exists related to the Company’s ability to continue as a going concern. " | bankbuyer | 0 | 6/6/2020 5:24:23 PM |